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Article: KUWAIT: MOODY'S DOWNGRADES NIG TO BA3, OUTLOOK REMAINS NEGATIVE.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- April 30, 2009
CopyrightCOPYRIGHT 2009 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service today downgraded National Industries Group Holding's debt ratings on the USD 475 million sukuk issued by NIG Sukuk Limited to Ba3 from Ba2 and concurrently assigned Corporate Family and Probability of Default ratings of Ba3 to National Industries Group Holding (S.A.K.). The outlook remains negative. The rating action reflects Moody's concerns over the ongoing execution risk associated with the company's action plans to improve its debt maturity profile through longer-term refinancing given the prevalence of short-term debt in the capital structure while acknowledging the cash resources available for meeting debt maturities as they come due. ...
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Article: KUWAIT'S NATIONAL INDUSTRIES GROUP LISTED ON ...
AsiaPulse News;
June 22, 2006 ;
503 words
... ... June 22 Asia Pulse - The Dubai Financial Market (DFM) has announced the listing of ordinary shares of the National Industries Group Holdings, the industrial group incorporated in Kuwait. The group has finalised the listing procedures with ...
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